Global paytech Worldline opens white-label metaverse shopping mall
Global payment services provider Worldline has opened a white-label shopping mall in the metaverse to provide nine banks, merchants and service providers a foothold in Web3.
Worldline launched the new shopping mall in Decentraland, a 3D virtual world browser-based platform on 8 March with the first nine stores, including the German direct bank Consorsbank.
Retailers, service providers and banks “can build up a presence in Web3”, Worldline says, using a modular design method, allowing firms to determine how consumers will interact with them in the metaverse.
The white-label starter package provides Worldline’s payment function – with or without cryptocurrencies – and comes with optional add-ons.
Worldline says the metaverse will be another retail commerce channel alongside point-of-sale and e-commerce, citing McKinsey research that estimates the global market volume of metaverse commerce to hit more than $2 trillion by 2030.
Sascha Münger, metaverse expert at Worldline, says: “We believe that the metaverse is the sales channel of the future.”
Consorbank head of tribe banking Svenja Weith says: “As a pioneer in digital direct banking in Germany, it is our goal to be curious and innovative in our approach to our customers and to adapt and explore modern technologies at an early stage.”